Trump Relaxing Banking Regulations Could Sow the Seeds of the Next Financial Crisis

Trump relaxing banking regulations could sow the seeds of the next financial crisis. I don’t think he understands that regulation is a good thing, as the consumers need to be protected, rather than a bad thing. It seems he takes his orders from Steve Bannon and somehow believes deregulation will cause growth in the short term. This is bad news for the long-term outlook for the world. Hopefully the next US president and government pushes back against this and undoes the damage before it’s too late.

Starbucks Should be Commended

Starbucks hiring refugees is something that has to be commended. These are the kinds of things companies can do to do good. CEO Howard Schultz’s insistence that he will keep up trade with Mexico is also a good thing. Still though, I cannot fully support Starbucks as a business. It’s still a purely capitalistic franchise, rather than a co-operative.

Microsoft Invests and Does Well

Microsoft are investing $1 billion into security. This is a very good move. Microsoft are doing very well at present. The focus on cloud computing has been a marvellous strategy, and this investment will help it offer a robust and secure cloud and enterprise offering.

The company has also diversified into mobile with its own suite of mobile apps and premium hardware, with its own computers. Its mobile strategy has been paying off big time, but I still am a bit reticent to praise its hardware efforts. It still feels like a mistake to try to take on Apple and other companies in the hardware stakes, though if they get a little success it may be worth it.

The US is not a Democracy; but the Future is Brighter

The United States is not a democracy. It is a plutocracy pretending to be a democracy. The politicians in the US always emphasise that the US is a democracy, but they protest too much. On an objective level, from an outsider looking in, it is pretty clear how corrupt and plutocratic the US is. And this was true before Donald Trump. The rich and the corporations still call the shots. The future is brighter, however. More people in the US are going to clamour for a true democracy in the future, and they will get it, eventually.

Poem: What Next for The World?

What next for the world,

What next for us?

What next for the world,

Is it written on a bus?

What next for the world,

What next for the good?

What next for the bad,

What will happen –

What should?

Could,

Would,

Be,

Is it time for us to live the future free?

Quick Hardware Revisions are Crucial for Tesla

Tesla is right to have major hardware revisions every 12 to 18 months. This allows Tesla to innovate faster than the competition. They really seem to be thinking like Apple with its smartphones. Innovation is the name of the game when it comes to making their vehicles desirable from premium customers; they have to be ahead of the times, not just at pace with the times.

The Effect of Technology on Future Employment

The effect of technology on future employment, as highlighted by business leaders at Davos, is profound. More and more software, computers and robots will be replacing human workers, and some of it has already happened (think the lack of as many human cashiers in supermarkets).

One answer to the increased joblessness and lack of expendable income is a “spending wage” for citizens for doing no work at all. This would stimulate the economy by allowing people to purchase consumer goods, though it may not solve the self-esteem issue of people not feeling that they have a purpose in life, or that they at least have a diminished purpose in life.